Alkane Resources Reports Record Gold Production and Revenue for Q2 FY26
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 16h ago
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Source: Globenewswire
- Quarterly Cash Flow Performance: Alkane achieved an operating cash flow of $133 million in Q2 FY26, reflecting a robust financial position bolstered by rising gold prices and improved production efficiency, enhancing future investment capabilities.
- Record Gold Production: The company produced 43,663 ounces of gold in the quarter, a 43% increase from the previous quarter, while maintaining full-year guidance of 160,000 to 175,000 ounces, demonstrating strong production capacity post-merger.
- Significant Revenue Growth: The quarter saw gold equivalent sales of 44,084 ounces, generating $256 million in revenue at an average gold price of $5,785/oz, an 18% increase from the previous quarter, providing ample funding for future expansion plans.
- Exploration Success: At the Björkdal Storheden project, drilling extended to 464 meters deep, revealing gold grades of up to 142.0 g/t, indicating substantial potential for resource development and extending the mine's life.
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Analyst Views on SKY
Wall Street analysts forecast SKY stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for SKY is 95.67 USD with a low forecast of 86.00 USD and a high forecast of 101.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
4 Analyst Rating
3 Buy
1 Hold
0 Sell
Strong Buy
Current: 84.460
Low
86.00
Averages
95.67
High
101.00
Current: 84.460
Low
86.00
Averages
95.67
High
101.00
About SKY
Champion Homes, Inc. is a producer of factory-built housing in North America. Its segments include U.S. Factory-built Housing, which includes manufacturing and retail housing operations, and Canadian Factory-built Housing. The Company has a portfolio of manufactured and modular homes, accessory dwelling units (ADUs), park-models and modular buildings for the single-family, multifamily, and hospitality sectors. In addition to its core home-building business, the Company provides construction services to install and set-up factory-built homes, operates a factory-direct retail business with 72 retail locations across the United States, and operates Star Fleet Trucking, providing transportation services to manufactured housing and other industries from several dispatch locations across the United States. It builds homes under brand names in the factory-built housing industry, including Champion Homes, Genesis Homes, Skyline Homes, Regional Homes, Athens Park, and Dutch Housing.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Alkane Resources Reports Record Gold Production and Revenue for Q2 FY26
- Quarterly Cash Flow Performance: Alkane achieved an operating cash flow of $133 million in Q2 FY26, reflecting a robust financial position bolstered by rising gold prices and improved production efficiency, enhancing future investment capabilities.
- Record Gold Production: The company produced 43,663 ounces of gold in the quarter, a 43% increase from the previous quarter, while maintaining full-year guidance of 160,000 to 175,000 ounces, demonstrating strong production capacity post-merger.
- Significant Revenue Growth: The quarter saw gold equivalent sales of 44,084 ounces, generating $256 million in revenue at an average gold price of $5,785/oz, an 18% increase from the previous quarter, providing ample funding for future expansion plans.
- Exploration Success: At the Björkdal Storheden project, drilling extended to 464 meters deep, revealing gold grades of up to 142.0 g/t, indicating substantial potential for resource development and extending the mine's life.
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Champion Homes (NYSE:SKY) to Release Q3 2026 Earnings on February 3
- Earnings Release Schedule: Champion Homes will release its Q3 2026 earnings after market close on February 3, 2026, providing investors with critical financial performance data that could inform future growth potential.
- Conference Call Timing: The company will hold a conference call on February 4, 2026, at 8:00 A.M. Eastern Time to discuss the earnings results, allowing investors to listen via a live webcast, thereby enhancing transparency and investor relations.
- Replay Availability: A replay of the conference call will be available on the company's website immediately after the call and until 11:59 P.M. Eastern Time on February 18, 2026, ensuring that investors who cannot participate live can still access important information.
- Company Background: Champion Homes is a leading producer of factory-built housing in North America with over 70 years of experience and 46 manufacturing facilities, employing approximately 9,000 people, showcasing strong market competitiveness and innovation capabilities.
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